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Treaty of Mastricht

The Euro Has Been an Accident Waiting To Happen

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

I am currently reminded, in the these times of sustained concern about the Euro, that I used to say "It's an unstable equilibrium." It is like balancing a marble on top of an upside down bowl; once it starts to move it accelerates downward.